Mitsotakis: Fundamental Authority, Reliable and Costed Financial Policy – The Hellenic Innovation and Infrastructure Fund is established

The impressive development dynamics of the Greek economy was mentioned by the Prime Minister, among other things Kyriakos Mitsotakis who participated today in a discussion with Blackrock Vice President Philip Hildebrand and Antembago Ogygyzi, President and Managing Director of Global Infrastructure Partners, at the Athens International International International International Investors Summit, organized by the Superior and Blackrock. He stressed that the fundamental principle is the credible and costly budgetary policy so as not to question the fiscal and macroeconomic stability, that the benefits of combating tax evasion are returned to citizens, while also highlighting the importance of defense that he called the public.

The prime minister also had the opportunity to refer to powerful investment operators with wide portfolios, in the country’s prospects, investment opportunities and challenges presented in a number of sectors and on green transition and energy issues.

“We are growing much higher than the eurozone average, while reducing taxes, focusing on private investment, promoting entrepreneurship and improving the business environment,” the prime minister said in his placements. “We have achieved all this in a political stability environment. We have a government that has an absolute majority. In 2023 our citizens rewarded us by giving us a new command. This stands out, I believe, from many other European countries, because the policy of coalitions can be very complicated, “Kyriakos Mitsotakis continued.

“I think the great challenge, politically, is to link the macroeconomic situation to the daily life of life and work, in an environment where the cost of living has become a major problem,” the prime minister said.

“I think there is a general understanding that this page change came to stay. My job is to ensure that the changes we have made are irreversible. This is my commitment to the investment community and, sincerely, the main reason why I want to claim a third term. To ensure that what we have achieved will continue and that the wealth we create for the country will be maintained. My first commitment in 2023 was the increase in wages. When I see unemployment decrease from 18% to 8%, it means that real wages are rising, Kyriakos Mitsotakis said. “This is the only way to really distribute wealth,” he added.

Referring to the importance of credible and costly fiscal policy, the prime minister said: “The fundamental principle of our approach was always not to question the pursuit of fiscal and macroeconomic stability. The crisis of 2009-2010 was a consequence of derailment in spending and that we did not focus on a fundamental restructuring of our economy. We are never going to repeat the same mistake, never. For this reason, our commitment to produce primary surpluses, but, whenever possible, budget surpluses, will not be disputed. “

The prime minister also stressed that the benefits of fighting tax evasion are returned to citizens through systematic tax cuts, with a focus on middle income, young people and families with children.

“The biggest reform that contributed to the state budget was our ability to deal with the problem of tax evasion. This has brought a lot of money to public funds, which we now need to return to the citizens. So we reduced the taxes for the middle class. We have reduced taxes for families with children. We reset income tax for those under 25 years of age. I want to encourage young people to join the workforce, I don’t want to wait for years. I respect young children who go to a technical school and enter the labor market at the age of 20. I want to know that we are thinking of them, “he said.

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During the debate on the future of European defense, given today’s geopolitical landscape, the prime minister said: “We will need to mobilize not only private but also public funds. We will need to mobilize European public resources for defense. I have been clear on this issue, I have spoken in many cases about it. The recent invasion of Russian drones in Polish airspace has brought to the fore, which we already know is a major problem and concerns anti -missile defense and air defense systems in Europe. Therefore, my proposal is very clear: a pan -European tool for something I consider to be a pan -European good. And defense is the supreme public European good. We cannot allow our national priorities to be an obstacle to tackling a virtually existential threat to Europe. Can this happen? The answer is that I see much more dynamic. Some of the traditional “spicy” countries, such as Denmark and Finland, are much more open to the idea of ​​common European defense borrowing. “

Kyriakos Mitsotakis stood, inter alia, on the issue of green transition and energy. “Greece has made excellent success in the addition of renewable energy, both solar and wind, to our energy mix. We produce more than 50% of our electricity from renewable sources. Especially in spring or autumn we have the opportunity to make all of our power generation from renewable sources. For the first time this summer, we also observed a greater convergence of prices between Western, Central Europe and Southeast Europe, “the prime minister said.

“We need more links. We have become clean electricity exporters. This has never happened in the past. But, of course, we will need additional investments in a basic load – in the case of Greece we are talking about gas – and of course storage investments. This is the plan in the way we intend to move on to the green transition in a realistic way, but also in mind that for us renewable energy is an important comparative advantage, “he added.

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